Direct debits

The Swiss financial center currently has a variety of different direct debit procedures. In the course of standardization, banks and PostFinance aim at implementing a single procedure throughout Switzerland with a common form of direct debit message based on ISO 20022 (pain.008).

The new solution offers advantages to companies and their customers alike. Direct debit authorizations that have already been issued will remain valid. SEPA direct debits (in euro) based on the ISO 20022 standard from Swiss financial institutions are not affected by the harmonization.


  • Direct debit collections are expected to be transmitted as of the fourth quarter 2018 with the pain.008 message based on the ISO 20022 standard.
  • The existing TXT Debit Direct format of PostFinance will not be supported after end-2017.
  • The expected end date of the TA875 format within the banks' LSV+/BDD direct debit solutions is end-2020.